Whirlpool Corp. (WHR) reports earnings, stock jumps

Whirlpool Corp. WHR, +7.38% shares rallied in the extended session Monday after the appliance maker topped Wall Street earnings estimates for the quarter. Whirlpool shares rallied 5% after hours, following a 0.2% rise to close the regular session at $139.36. The company reported first-quarter net income of $471 million, or $7.31 a share, compared with $94 million, or $1.30 a share, in the year-ago period. Adjusted earnings were $3.11 a share. Revenue declined to $4.76 billion from $4.91 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $2.86 a share on revenue of $4.83 billion. For the year, Whirlpool expects unadjusted earnings of $14.05 to $15.05 a share, while analysts had forecast unadjusted earnings of $13.38 a share.